Jinneng Science & Technology Co (SHSE:603113) Debt-to-Equity : 0.63 (As of Mar. 2024)

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What is Jinneng Science & Technology Co Debt-to-Equity?

Jinneng Science & Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,078 Mil. Jinneng Science & Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,452 Mil. Jinneng Science & Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥8,740 Mil. Jinneng Science & Technology Co's debt to equity for the quarter that ended in Mar. 2024 was 0.63.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Jinneng Science & Technology Co's Debt-to-Equity or its related term are showing as below:

SHSE:603113' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.2 Max: 0.66
Current: 0.63

During the past 12 years, the highest Debt-to-Equity Ratio of Jinneng Science & Technology Co was 0.66. The lowest was 0.01. And the median was 0.20.

SHSE:603113's Debt-to-Equity is ranked worse than
68.72% of 1394 companies
in the Chemicals industry
Industry Median: 0.355 vs SHSE:603113: 0.63

Jinneng Science & Technology Co Debt-to-Equity Historical Data

The historical data trend for Jinneng Science & Technology Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Jinneng Science & Technology Co Debt-to-Equity Chart

Jinneng Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.18

0.25

0.55

0.65

Jinneng Science & Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.66	0.59	0.57	0.65	0.63

Competitive Comparison of Jinneng Science & Technology Co's Debt-to-Equity

For the Chemicals subindustry, Jinneng Science & Technology Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Jinneng Science & Technology Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jinneng Science & Technology Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jinneng Science & Technology Co's Debt-to-Equity falls into.

Jinneng Science & Technology Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jinneng Science & Technology Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3486.437	+	2183.722)	/	8755.636
	=	0.65

Jinneng Science & Technology Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3077.864	+	2452.114)	/	8739.987
	=	0.63

Jinneng Science & Technology Co (SHSE:603113) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Jinneng Science & Technology Co Debt-to-Equity Related Terms

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Jinneng Science & Technology Co (SHSE:603113) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jinneng Science & Technology Co Ltd (SHSE:603113) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No.1 Jinneng Road, Qihe County, Shandong, CHN, 251100

Website

http://www.jncoke.com

Jinneng Science & Technology Co Ltd is engaged in the production and distribution of chemical products and coal chemical products. It produces Coke, Carbon Black, Silica Dioxide, Technical Naphthalene, Pitch, Para Cresol, Sorbic Acid, & Potassium Sorbate. Geographically, business activities of the group are carried out through China.

Executives

Qin Qing Ping	Director
Tu Yun	Supervisors
Yi Guo Yong	Director
Liu Hong Wei	Director
Wang Yong Mei	Director
Dan Yue Xin	Director
Liu Ji Qin	senior management
Wang Zhong Xia	Director

Jinneng Science & Technology Co (SHSE:603113) Headlines

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